Posts Tagged ‘Expenses’
Should I Expense This? Business Expenses vs. Personal Expenses
Even the best-intentioned employees can fall into the trap of mixing business expenses and personal expenses. Business expenses are deductible for federal tax purposes.
Read More What Types of Business Entertainment Events are Deductible?
The good news is that Uncle Sam and the IRS allow small business owners to deduct 50% of meals and entertainment events in which they partake. But some type of business must be conducted before, during, or after these events in order to qualify for this popular – yet often improperly claimed – tax write-off.
Read More Do’s and Don’ts of Employee Reimbursement
Expense reimbursement is a necessary part of business for many employees and finance managers. To make this aspect of business a little more pain-free, we’ve compiled a list of do’s and don’ts for employee reimbursement
Read More 6 Misconceptions About Employee Expense Management
When your company already has an employee expense management program in place, it’s easy to dismiss criticism of the program instead of taking a hard look at what it would take to change it.
Read More Is It Time for New Equipment?
Whether it is a new copy machine or a new oven for your bakery, buying equipment is a costly endeavor. There are many decisions to be made including whether or not you really need to buy or if it can it be fixed.
Read More Understanding Franchise Royalty Fees
A franchise business opportunity will always involve upfront costs. Some will go to the franchisor and some will simply be the costs of opening a business—rent, wages, inventory, supplies, utilities, and so forth.
Read More 3 Ways to Cut Expenses
I’m on a mission to cut expenses this year. Truth be told, I’ve been sloppy and have not paid attention to fees and charges in 2014 like I should have.
Read More Is Your Health Insurance Expected to Spike in 2015?
As the New Year’s bells toll—are your resolutions made? What about your responsibilities if you’re a small business owner? Are your budgets set, changes made, numbers calculated?
Read More How to Protect Gross Margin with a Service Business
When you’re in a service business your cost of goods sold is really your cost of sales or the value of your time since you don’t have a physical product.
Read More Cash Flow Surprises That Can Stall Your Business
A company is only as healthy as the cash flow it projects. There are a variety of reasons why the cash flow of a company might suffer. Unforeseen expenses, business expansion, natural disasters, or customer orders drying up at a specific time of the year can be just a few reasons that hamper this process.
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